Walgreens Expands Money Services Business Approach, in Partnership with Synchrony and Mastercard

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Walgreens is increasing its money companies supplying in partnership with Synchrony (NYSE: SYF) and Mastercard (NYSE: MA), as section of its ongoing determination to supply differentiated health care solutions and added benefits to customers. In the coming months, Walgreens will launch credit rating playing cards, issued by Synchrony, as very well as a prepaid debit card, both of those of which will be powered by the Mastercard community.

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The credit rating playing cards will closely link with Walgreens new customer loyalty method, myWalgreens, which launched in November 2020, and cardholders will be capable to receive myWalgreens money rewards and other gives. Moreover, the flagship, co-branded credit card will present a broader array of rewards offered via Synchrony and Mastercard when utilized at other stores and services suppliers.

The new cards will be the first in a range of new economical products and solutions and solutions planned by Walgreens, to go on its wellbeing and properly-being concentrate and to boost its loyalty application and consumer personalization. Walgreens ideas to examine a variety of Mastercard solutions across the payments technological innovation ecosystem, including solutions these as insight and analytics, client engagement and loyalty, cybersecurity, and stage-of-sale funding, together with installments.

“Walgreens is committed to supplying our prospects and individuals with unparalleled loyalty and benefits experiences for controlling their well being and effectively-remaining, and we are thrilled to spouse with Synchrony and Mastercard, who share our commitment to guidance healthy communities,” explained John Standley, Walgreens president. “As we carry on to concentrate on building new profits streams, we appear forward to checking out and introducing even far more well being and properly-currently being payment initiatives in the around long run.”

Qualified prospects will be equipped to use the Walgreens credit card for buys at much more than 9,000 Walgreens shops, Walgreens.com and by means of the Walgreens mobile application. They will have accessibility to contactless procuring activities and mobile-first money management characteristics as effectively as the possibility to gain accelerated benefits. Those people similar shoppers will also be ready to use the flagship, co-branded credit card to make purchases at other retailers and sites of company where ever Mastercard is accepted, and make rewards, which include accelerated rewards when searching items in the overall health and wellness category, an area Walgreens champions in communities across The usa.

“Synchrony is happy to be Walgreens’ husband or wife of choice for this new Walgreens Mastercard,” claimed Brian Doubles, President of Synchrony. “Walgreens champions the overall health and properly-becoming of communities, and with our engineering and healthcare funding know-how, we will sign up for forces to create hassle-free payment options and electronic activities to assist customers pay back for their daily buys.”

“We have an understanding of the important need to have to prioritize the purchaser expertise in a way right related to their every day life, and this card is representative of that,” stated Linda Kirkpatrick, president of North The us at Mastercard. “We are happy to be teaming up with Walgreens and Synchrony to more join their shoppers to the electronic economy and boost the client well being and pharmacy expertise by our differentiated technology and proven purpose in health care.”

The new Walgreens credit history playing cards are slated to be readily available in the next fifty percent of this yr.

About Walgreens

Walgreens (www.walgreens.com) is bundled in the Retail Pharmacy United states Division of Walgreens Boots Alliance, Inc. (Nasdaq: WBA), a international chief in retail and wholesale pharmacy. As America’s most loved pharmacy, overall health and splendor company, Walgreens reason is to champion the wellbeing and wellbeing of each and every community in The usa. Working far more than 9,000 retail locations across The usa, Puerto Rico and the U.S. Virgin Islands, Walgreens is happy to be a community well being destination serving about 8 million customers every single working day. Walgreens pharmacists perform a critical function in the U.S. healthcare process by offering a large assortment of pharmacy and health care solutions. To very best fulfill the demands of buyers and individuals, Walgreens offers a correct omnichannel encounter, with platforms bringing alongside one another bodily and electronic, supported by the hottest technological know-how to supply higher-quality merchandise and expert services in community communities nationwide.

About Synchrony

Synchrony (NYSE: SYF) is a leading client economical services firm. We deliver a extensive assortment of specialised financing plans, as effectively as progressive buyer banking goods, throughout important industries including digital, retail, residence, auto, journey, health and fitness and pet. Synchrony permits our companions to grow product sales and loyalty with people. We are one particular of the most significant issuers of private label credit history playing cards in the United States we also offer you co-branded merchandise, installment loans and client funding merchandise for smaller- and medium-sized enterprises, as effectively as health care companies.Synchrony is shifting what is achievable by way of our digital abilities, deep sector knowledge, actionable information insights, frictionless consumer working experience and customized funding alternatives.For a lot more info, take a look at www.synchrony.com and Twitter: @Synchrony.

About Mastercard

Mastercard is a worldwide engineering corporation in the payments business. Our mission is to connect and power an inclusive, electronic overall economy that gains anyone, in all places by producing transactions risk-free, basic, smart and obtainable. Utilizing safe knowledge and networks, partnerships and enthusiasm, our innovations and alternatives assistance persons, economical institutions, governments and corporations comprehend their finest possible. Our decency quotient, or DQ, drives our lifestyle and every thing we do inside and exterior of our business. With connections across a lot more than 210 nations around the world and territories, we are making a sustainable world that unlocks priceless choices for all.

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Source: Walgreens


Morry Smulevitz or Scott Goldberg

[email protected]Synchrony

Angie Hu

[email protected]Mastercard

William Tsang

[email protected]


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